## **Trustees’ Annual Report for the period** **From 1st January 2024 Period start date To 31st December 2024 Period end date** ## **Charity name: Weybridge Land Charity** ## **Charity registration number:200270** ## **Objectives and Activities** |**jectives and Activities**||| |---|---|---| |||| ||SORP reference|| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Charity’s Objective:**
The primary objective of this charitable organisation is to
provide financial assistance to individuals residing in KT13,
who are facing financial difficulties, hardship, or distress. We
also include children who attend a Weybridge School in this
criterion, ensuring that they are treated on an equal footing
with their peers. Over the past few years, we have placed a
particular emphasis on addressing issues such as heating,
hunger, housing, and education.
To achieve our objectives, we have diligently established
partnerships with various partner organisations, including
local schools and charities. These partnerships facilitate the
distribution of grants that are tailored to the specific needs of
our target beneficiaries.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and 1.19|**The Activities of the Charity**
The primary activities the charity are:
1.**Provision of allotments:**The charity provides allotments
for the use of residents of Weybridge.
2.**Relief of residents in need:**After settling its operational
costs, the charity uses surplus funds and income from
investments, to provide relief to residents of Weybridge who
are experiencing hardship, distress or need.
To enhance the utilisation and viability of the allotments, an
amendment to the Scheme of WLC in 2000 eliminated the
requirement that existing and new allotment holders
themselves be in need, hardship, or distress.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit|Para 1.18|All trustees diligently monitor the guidance provided by the
Charity Commission. Additionally, we regularly assess our
adherence to the Nolan principles.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| ||SORP reference|| |Policy on grant making|Para 1.38|We collaborate with established organisations
serving Weybridge residents to positively impact
vulnerable members of our community, with a
particular focus on housing, heating, hunger and
education. We allocate grants to local
organisations such as Rentstart, Homestart,
Elmbridge CAN, Citizens Advice Elmbridge West
(CAEW), and all six Weybridge schools to provide
meaningful assistance. Regular updates from
these groups show the tangible impact of WLC
funding on local lives.
Our core values, which emphasise integrity and
community impact, are consistently upheld. We
ensure that these values are in harmony with
those of our partner organisations.
As trustees, we are committed to upholding the
principles of openness, honesty, transparency,
supportiveness, collaboration, and
trustworthiness. Our vision is to ensure that no
Weybridge resident should experience need or
distress. We work hard to ensure the flourishing
and ethical operation of Churchfields Allotments,
guided by the principles of the National Allotment
Society, to provide allotments to Weybridge
residents.| |||| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|The Churchfields Allotment site is situated at the
heart of the Weybridge community. In addition to
renting out allotments of various sizes to local
residents, we also serve as landlords for the
Clubhouse Project (a local charity that provides
support to adults with learning difficulties),
Weybridge Men’s Shed, and Weybridge in Bloom.
Furthermore, we are actively engaged with the
Community Payback Programme.
Weybridge Allotment Holders and Gardeners
Association (WAHGA) is a highly valued
organisation at Churchfields, organising social
events, giving advice on growing and providing a
very useful bulk buying service that many tenants
greatly benefit from.
During the year the Charity established a
Community Plot to enable wider access for
Weybridge Residents.
We are deeply appreciative of the advice and help
of ‘The Tenancy Advisory Group (TAG)” and “The
Friends of Weybridge Land Charity”, who have
added such great value to the Churchfields
Allotments site and to the work of the charity.
Additionally, we have actively engaged with
young individuals at the local secondary school,
to gain insights into the requirements of
Weybridge’s younger residents.| |Contribution made by
volunteers|Para 1.38|Our trustees are all volunteers, and we value their
contributions. We also have a Tenants Advisory
Group that monitors activity and identifies
allotment needs.
We’ve sought expert advice from local
supporters, including financial process
management.
Relationships and collaborations have improved
between WLC, Weybridge Men’s Shed,
Weybridge in Bloom, Weybridge Allotment
Holders and Gardeners’ Association| |Other||| ## **Achievements and Performance** SORP reference |||| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|We grant local organisations funding to support
Weybridge residents. Our partners include
Rentstart, Homestart, Elmbridge CAN, CAEW,
and all six Weybridge state schools. Regular
updates from these partner organisations show
the tangible impact of WLC funding on local lives.
Rentstart supported 37 individuals in the past
year with funding for accommodation, bills,
household goods, benefit shortfalls, and
employment support.
Elmbridge CAN provided vital services like
holiday camps, children’s beds, hardship grants,
textbooks, and translation support for refugees.
Homestart trained volunteers to help vulnerable
families in Weybridge.
In recent years, we have collaborated with
schools to address digital inequality. We have
provided laptops or Chromebooks to families
without access to computers at home. This
program continues and schools and partners are
encouraged to reach out if further need arises.
During the festive season, we asked schools to
identify families facing financial hardship. Last
Christmas, we provided £75 Morrison’s vouchers
to 71 families to help with financial pressures.
We’ve also allocated a £1,000 discretionary grant
to each school, giving them flexibility to support
pupils. Uses can include (for example):
● purchase of school uniform or relatively low-
cost items of equipment/materials/one-off travel
costs
● contributions towards school trips and activities
which enhance academic performance and
provide further enrichment opportunities that
these pupils would otherwise not experience
● extra-curricular activities based at the school,
including those which enable equity of access and
participation for young people| **Additional information (optional)** You may choose to include further statements where relevant about: Para 1.41 Achievements against objectives set |||| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|The charity is not currently in fund raising mode| |Investment performance
against objectives|Para 1.41|The Charity’s portfolio investment performance
has performed at 8.7% against a target of 8.8%.| |Other||| ## **Financial Review** |**nancial Review**||| |---|---|---| |||| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Assets have increased in value, broadly in line
with the market, which has been volatile| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The reserves policy considers the working
capital required, income reliability, normal
outgoings and the potential risk of unusual
expenditure.| |Amount of reserves held|Para 1.22|£25,000 minimum| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The charity annually reviews its finances with its
external Fund Manager to validate and confirm that,
despite fluctuating markets, WLC’s financial position
will remain protected through a prudent approach.| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The primary income source for the Charity is the
returns and income generated from the invested fund,
supplemented by income derived from Churchfields
allotments.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The investment objective is to achieve a balanced
return between income and investment capital, while
simultaneously managing risk. The portfolio should
maintain a balanced position and aim to generate
approximately £40,000 in annual income. Ethical
considerations are prioritised in all investment
decisions.
Performance is monitored against ARC Charities
Indices Reports as a benchmark.| |||| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|A risk policy and register are in place and are reviewed
periodically.
The primary risks are:
The previous reliance on a single trustee for the day-to-
day management of Churchfields has been significantly
reduced by the recruitment of administrative support.
Furthermore, our Clerk has documented key
processes, thereby ensuring robust governance
practices in the future.
There have been additional operational costs
associated with the Churchfields site (maintenance and
improvements). The site was underinvested for many
years, so expenditure has been increased to enhance
it.
WLC’s constitution was previously highly intricate due
to numerous amendments and additions made since
the Charity’s establishment. In addition to being
complex to comprehend, in certain areas, the
constitution no longer aligned with the Charity
Commission’s best practices, such as the approach to
removing trustees. Work was undertaken through a
specialist law firm to draft a revised and simplified
constitution, which was subsequently implemented in
2024.
The ongoing volatility in global markets has had an
impact on WLC’s financial portfolio. However, we
remain confident that the overall cash and portfolio
position remains robust.| |Other||| ## **Structure, Governance and Management** |||| |---|---|---| |Description of charity’s trusts:||| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust scheme| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled to
appoint one or more trustees|Para 1.25|Some time ago, the Charity Scheme was amended to
permit the reduction of EBC (Elmbridge Borough
Council) nominated trustees from six to two trustees,
and to enable the appointment of up to nine community
trustees.
WLC currently have one EBC nominated trustee. EBC
did not put forward any other nominations during the
year.
We have a policy of not appointing trustees
immediately unless they have a proven track record of
holding or having held a similar position elsewhere.
Instead, we prefer to invite successful candidates to
join the charity as a ‘Friend’ first, so that we can see
how well we work together and whether they would be
a good fit for the board.| |**Additional information (optional)**
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
During the year, we successfully implemented the
newly introduced trustee induction program. We are
pleased to report that this program has proven to be
highly effective and will be retained for future trustee
inductions.
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
In the year 2024, we had 6 trustees:
Tim Oliver (Chair)
Vicki Macleod
Jackie Martin
Hilary Butler
Miriam Morris
Simon Tizard
Relationship with any related
parties
Para 1.51
We have a good relationship with all related parties,
including other charities at Churchfields Allotments.|**Additional information (optional)**
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
During the year, we successfully implemented the
newly introduced trustee induction program. We are
pleased to report that this program has proven to be
highly effective and will be retained for future trustee
inductions.
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
In the year 2024, we had 6 trustees:
Tim Oliver (Chair)
Vicki Macleod
Jackie Martin
Hilary Butler
Miriam Morris
Simon Tizard
Relationship with any related
parties
Para 1.51
We have a good relationship with all related parties,
including other charities at Churchfields Allotments.|**Additional information (optional)**
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
During the year, we successfully implemented the
newly introduced trustee induction program. We are
pleased to report that this program has proven to be
highly effective and will be retained for future trustee
inductions.
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
In the year 2024, we had 6 trustees:
Tim Oliver (Chair)
Vicki Macleod
Jackie Martin
Hilary Butler
Miriam Morris
Simon Tizard
Relationship with any related
parties
Para 1.51
We have a good relationship with all related parties,
including other charities at Churchfields Allotments.|**Additional information (optional)**
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
During the year, we successfully implemented the
newly introduced trustee induction program. We are
pleased to report that this program has proven to be
highly effective and will be retained for future trustee
inductions.
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
In the year 2024, we had 6 trustees:
Tim Oliver (Chair)
Vicki Macleod
Jackie Martin
Hilary Butler
Miriam Morris
Simon Tizard
Relationship with any related
parties
Para 1.51
We have a good relationship with all related parties,
including other charities at Churchfields Allotments.| |---|---|---|---| ||Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|During the year, we successfully implemented the
newly introduced trustee induction program. We are
pleased to report that this program has proven to be
highly effective and will be retained for future trustee
inductions.| ||The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|In the year 2024, we had 6 trustees:
Tim Oliver (Chair)
Vicki Macleod
Jackie Martin
Hilary Butler
Miriam Morris
Simon Tizard| ||Relationship with any related
parties|Para 1.51|We have a good relationship with all related parties,
including other charities at Churchfields Allotments.| Other ## **Reference and Administrative details** ||| |---|---| |Charity name|Weybridge Land Charity| |Other name the charity uses|Weybridge Poor Land Charity| |Registered charity number|200270| |Charity’s principal address|Allotments Gate
Curzon Road
Weybridge, KT13 8UN
Surrey| ||| **Names of the charity trustees who manage the charity** |||||| |---|---|---|---|---| |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| ||Jackie Martin|Chair||| ||Vicki Macleod|||| ||Tim Oliver|||| ||Hilary Butler|||Council Nominated| ||Simon Tizard|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Corporate trustees – names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Other o tional information ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s)
Full name(s)
Position (eg
Secretary, Chair, etc)
Date
**----- End of picture text -----**
WL WEYBRIDGE LAND CHARITY REGisfERED CHARITY NUMBER 200270 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 WEYBRIDGE LAND CHARITY Reglstr8tlon 1200270. TRUSTEES, REPORT The trustees are pleased to present thelr annual report and the Independently examlned fln8ncial statements of the charity for the year ended 31 December 2024. They have been prepared On acthrdance with the accounting pollcies set out on page 13 of the accounts and comply with the charitvs schemes, the Charlties Act 2011 and Accountlng and Reportlng by Charities: Ststement of Recommended Practice (published on 16 July 2014), whlch Is appllcable to tharltles preparing their accounts in accordance wlth the Flnanclal Reportlng Stsndard appllcable In the UK and the Republic of Ireland. The registered name of the charlty Is the Weybrldge Poorfs Land, charlty, but Its working name Is now the Weybrldge Land Charlv, In preference to the short form °Weybridge Charl Hlstory of the tharity The Weybridge and Byfleet Enclosure Act, 1800 directed that Commissioners should set out and allot parts of the commons and waste lands in the Parish of Weybridge for the use of the occupiers of cottages within the Parish of Weybridge. The Allotments Extension Act of 1882, required that Trustees of land held for the benefit of the poor had to set aside a portion of that land for allotments. Accordingly, in 1883 a Scheme of the Charity Commissioners set aside land at the Heath at Weybridge for the general benefit of the inhabitsnts of the Parish of Weybridge and the income was used to rent land near Weybridge Church as allotments. In 1910 Weybridge Council became Trustees for the administration and management of the Charity; and in 1911 a Deed of Exchange effected the transfer of the title of 9.385 acres adjoining the Church together with land at Pine Grove to the Charity. The Charity is still regulated by the scheme dated 1910, together with various subsequent amendments, and retains ownership of the 9.385 acres of land in central Weybridge. In 1999, the land at Pine Grove was sold, and the proceeds invested to provide an income to support the Charitws "objects". Objert of the Charlty The Charity has one object and two activities as described in the Scheme as amended in June 2000: The Object of the Charity is he relief of persons resident in the area of benefrt who are in need, hardship or distress". The activities are: Provision of allotments for use by residents of Weybridge. After settling its costs of operations, to use surplus funds to provide the relief of persons resident in Weybridge who are in need, hardship or distress. Page 2 WEYBRIDGE LAND CHARITY Reiislratlon 1200270. To inttease the utHisatfion and vlabifity of the allotments, an arnendment to the Scheme of the Chaffty in 2(M) remved the requirement that existing and new allotment holders afe theMsel￿S in need, hardship or distress. Trustees and Administratlon During the year ending 31 December 2024 we had the following trustees: rim ofiver (Chair) (Appointed March 2024 Helen Lamb (Resigned December 2024) Simon fizard (Appointed 2 December 2024) Vicki Macleod Jackie Martin Hilary Butler (EBC Nominated Trustee) Murray Law (Resigned March 2024) Cartye Case (Resigned April 2024) Miriam Morris (Resigned December 2024) In addition, Matthew O'Donnell was appointed a trustee on 29 July 2025. Trustee Induction As a small volunteer-based charity, WLC previously did not have a documented induction training policy for new trustees. We are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplified constitution, means we can quickly bring new trustees up to speed. Independent examiner The Trustees resolved to reappoint Andrew Gadoros FCA, Xeinadin Group, The Quadrant Centre, Limes Road, Weybridge, Surrey, Kr13 8DH Fund manager Michael Barlow, JM Finn & Co., 4 Coleman Street, London, EC2R STA Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Funding of the Charity The Charity (including its grant aid programme), is hlstorically funded from three principal sources: Annual Rents received from allotment tenants Investment income, being dividends and interest Bequests and donations from donors Page 3 WEYBRIDGE LAND CHARITY *￿%1￿￿￿•￿370. l£rated in the centre of IVeytx**e towii the 9.385 •Cf*S ol land cornrnonly krKrwTr as the ONFrhf*k4s akknient& has been an Imp(xtsnt amenity af)d feature of c(Ynrnuntty ￿nce 1910. b. Irr•tstrnent PortWN) The chaffty s a kX￿.tErnl in￿str￿ and the tnW on PrO￿$S1oftal a(fvice. hokl a rnlxed portfolk> of equit￿ arKI other investments designed to provKJe a level of incorne and capital The cxYnposit￿ of the in￿t portfofK> is of medium risk. Pernianent Endcwment and Unrestricted Funds HistcKKalty. Trusts￿ under5tocxJ that ncme of the invested funds of the Charity were -reStrItt￿. This was reststed in the 2018 reporL During 2019 the Trustees of the Charity obtsined legal advice to review and clarify the status of Charity Funds and Land.The main points of that advice which confirn)ed thatthe CharrtVs land and part of the portfolio of investments are "Permanent Endowmenf are surnmarised as folkms: L The investment portfolio contains monies derived from four sOur￿s. Proceeds and capitsl gains arising from the sale of the Pine Grove Allotrnents in 1999 (Permanent Endowment- Restricted) Pre-existing Funds prior to the sale of Pine Grove and associated Capitsl Gains (Unrestricted) G Funds raised and associated capitsl gains (Unrestricted) Income from investments and capitsl gains from re-investment (Unrestricted). 2. Land which is a permanent endowment cannot be sold without an order from the Charities Commission, as occurred on the occasion of the sale of the Pine Grove site. In accordance with the terrns of the order for that sale, the proceeds from the Pine Grove site were to be invested. These investments are considered to be "investment perrnanent endowmenv. As was the nomi for accountsncy practice at the time, only the income from that investment (and not any element of Capitsl Gains) can be drawn on to meet the costs and objects of the Charity. Subsequent to the legal advice, the element of Unrestricted Funds has been identified in the investment portfolio, and the detsil of the methodology shared with the Charity Commission. The request of the Charity Commission is that the split between Unrestricted Funds and Restricted Funds appears in the annual return. and this is shown in note 8 of the Statement of Financial Activities. Page 4 wi, WEYBRIDGE LAND CHARITY Reglstratlon #200270. The practice has been that additlons to, and wlthdrawals from, the unrestrlcted funds In the Investment portfollo provlde a longer-term approach to holding monies attributable to Income and other funds ralsed (see Reserves Pollcy below). At the end of 2024, these amounted to £54,345 (2023: £50,901). Unrestrlcted funds attributable to investments held before 1999 (the Sale) totalled £99,769 (2023: £93,448), and these funds have been used to provide income to the Charity In the same way as the Permanent Endowment investments. The total of Unrestricted Funds in the portfolio at year end was £151,143 (2023: £144,349). Reserves Policy The Reserves Policy is part of the Charity's risk assessment process, and tskes into account the working capital required, the reliability of income, the normal outgoings, and any potential risks of unusual expenditure (e.g., tree surgery on allotment land). The Charity has a reliable income stream from the investment endowment fund, a simple cost structure and does not envisage having to cease operations for any reason. On this basis, a nominal reserve of £25,000 is set, to be held within the °Unrestricted Investment Fund" and is reviewed annually. Achievements and Performance Returns and income from the invested fund is the Charitvs primary income source, along with income from Churchfields allotment plot holders. There have also been a small number of voluntary donations from plot holders and local organisations. The investment objective is to balance return between income and capitsl, with a medium level of risk applied, a balanced portfolio position, and to target circa £40,000 income per annum with an action initiated to define / ensure the investment portfolio is ethical. The portfolio performance will start being tracked against ARC Charities Indices Performance Report as benchmark. The Charity's portfolio investment performance out-performed the ARC Steady Growth Index during the year while the income generated exceeded the target of £40,000 per annum. Income was below previous year due to lower performing financial investment portfolio and returns. Day to day operating costs remained low, however there were significant "one off "items, most notably expenditure on legal fees. Net cash and current assets remained strongly and broadly in line with previous years. A review took place with the Charity's external Fund Manager to validate and confirm that, despite the fluctuating markets, WLCS financial position would be protected for several years through a prudent investment approach. Page 5 WEYBRIDGE LAND CHARITY Re¢btr*k>n121X>Z70. truths hatre c￿s¥ser￿d afKJ Klentified the maior risks to which the Charity may be exposed. PrcKethrn are in place to re￿ these annually and to tske positive measures to mitigate them P* Cha• has an InsurarKe with Zurich Insurance to cover the main risks. A PSKY al￿ register were Fxrt in Pla￿ during 2024 and rev*wed acc(xdingty (and will now be gory fofward Fwiodically). risks arnj the Fx>liw adoFrted to mitigate those risks are: - deprdefv ￿ irthxjual trustees for support of Churchfjelds allotments and day to day dthe Charrty. This is being dtrrisked by appointing a aerk to document and manage key Dcessts and w(xk that coukl be undertaken by other local organisations on Ee4a6f (A WLC There ts expected to be an irKrease in WLC run costs to implement these risk - adthticnal running costs ofthe Churchfiekls (rnalntenan￿ and improvements). The site was Un￿rITIve￿ fcx many year5, so exFerKliture has been increased to improve IL Emergency and srrrfing has fr￿uded continued repairs to the water system, finalized instsllation of xes to make the site more accessible. and the initiation of a tree survey. Further site erf￿re ￿17 be required on an ongoing basis. - yLe•s COf￿tr￿ was highly complex due to several amendments and additions being made the Charrty was first estsbfished. As well as being complex to understsnd, in areas. the ,•+itiJtson also rK> k>nger reflected Charty Commission best practice e.g., approach to remove Lr￿￿￿. Work was commissiorth through a specialist law firm to put together a revised ￿M￿Tr￿d constStutK)n and this was ready and implemented during early 2024. - rr* flux In the gbbal trading markets e.g., the impact of Russia Ukraine war, Brexit, Covid etc - Ye ccmtinu4 during 2024: This has impacted WLC'S financial portfolio although the overall 6n4 pNtfolso pcY.itfyon remains strong. Soaa-l Investment Programme TP* Churcfrrfselds Allotment site is at the centre of the Weybridge community. As well as renting (/Ut all¢)trnerts of varfv)US &izes to IcKal ressdents, we are also landlords to the Clubhouse Project (a kx41 tharfrty hplping adults with learning difficulties) and Weybridge Men Shed and Weybridge in ek3xn. In 344trJfi, VIP afe al.￿ engaged with the Comrnunlty Payback Programme. QiJrf• trj fjtr￿f P(￿)[,￿e5, WLC vias unable to promots the good work as much as planned during zCJ2A, we arp alrY4dy doing more to promote WLCS Objectlves and good work to local (AW4nrAfrJn: and to impfOVP how we can Jolntly collaborate and support WLC'S Objectlves as yi*SI *: WEYBRIDGE LAND CHARITY Reglstratlon #200270. Contrlbutlon made by Volunteers All trustees are volunteers, and we value the contrlbution made by our trustees and our volunteers. In addition, we have a Tenants Advisory Group who monitor activity and need on the allotments. Expert advice has been sought from a number of local supporters Including Financial process management advice - Ground management: St George's School and relationships and collaborations have improved and progressed between WLC, and tenant organisations Weybridge Men's Shed and Weybridge in Bloom, and WAHGA along wlth other organisations such as the Community Payback Programme. Trustees, responsibilitles in relatlon to the finandal statements The charity's trustees are responsible for preparing an annual report and financial statements in accordance with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They conform to the Financial Reporting Stsndards (FRS) applicable in the UK and the Republic of Ireland, and accounts are prepared in accordance with FRS 102 and the Ststement of Recommended Practice (SORP) issued by the Charity Commission. The chariws trustees are required to prepare financial statements each year which give a true and fa ir view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. This involves: selecting suitable accounting policies and then applying them consistently; observing the methods and principles in the applicable Charities, SORP. making judgements and accounting estimates that are reasonable and prudent. preparing the financial statements on the basis of being a going concern unless it is inappropriate to presume that the charity will continue in operation; • ensuring that the accounts present financial information that is relevant, reliable. comparable and complete. disclosing whether there have been any changes to accounting policies. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information. Page 7 WLf WEYBRIDGE LAND CHARITY Reg15tratlon #200270. Independent Examlner's Report on the Accounts Report to the trustees of the charity on the accounts for the year ended 31 December 2024 set out on pages 9 to 19. Respective responsibllities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charit￿5 trustees consider that an audit is not required for thls year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Andrew Gadoros Relevant professional qualification(s) or body (if any): FCA Address: Xeinadin Group The Quadrant Centre Limes Road, Weybridge Surrey, KT13 8DH Page 8 WEYBRIDGE LAND CHARITY Reglstratlon #200270. Statement of Flnanclal Actlvlues for the year endlng 31 December 2024 Total Invest. Funds ment 2024 Funds Invest- ment Funds Total Funds 2023 Note General Funds General Funds Income Charitable actNlties Donations recelved Investments Total Income 11,296 11,2% 11,353 10,930 35,660 57,943 11,353 10930 35,660 57,943 51,391 62,687 51,391 62,687 Expenditure Charitable activities 48,848 14,560 63,408 29,394 13,1% 42,5 Total Expenditure 14,560 63,408 29,394 13,1% 42,5 Net revenue / (expenditure) 13,839 (14,560) (721) 28,549 (13,196) 15,353 Net (losses)/ gains on investments 164,614 164,614 197.895 197,895 Net movement in funds for the year 13,839 150,054 163,893 28,549 184,699 213.248 Funds b/fwd 137,304 2,218,199 2,355,503 108,755 2,033,5(X) 2,142,255 Transfer between funds Funds c/fwd 151,143 2,368,253 2,519,396 137.304 2.218,199 2,355,503 Page 9 WEYBRIDGE LAND CHARITY Reglslfatlon 1700770. Balance Sheet for the year ended 31 December 2024 Total Funds 2024 Invest- ment Funds Invégt. ment Fundg Total Funds 2023 Note General Funds General Funds Flxed assets Tangible fixed asset5 Investments 5,817 5,817 2,369,849 10,498 10,498 2,220.120 2,369,849 2,220,120 Total fixed assets 5,817 2,369,849 2,375,666 10,498 2,220,120 2,230,618 Current assets Investment cash Cash at bank and in hand Debtors 137,645 9,591 (1,596) 136,049 9,591 94,264 40,900 (1.921) 92343 40,9 10 40 40 234 234 Total current assets 147,276 (1,596) 145,680 135.398 (1,921) 133.477 Llabilitles Amounts falling due Wtthin one year 11 (1,950) (1,950) (8,592) {8.592) Net current assets 145,326 (1,596) 143,730 126,806 (1,921) 124,885 Total net assets 151.143 2,368,253 2.519,396 137,304 2,218,199 2,355,503 .. 25tk O..&.J).¥.,,,,. .. .,, Chai an of the trustees, Weybridge Land Charity Page 10 WEYBRIDGE LAND CHARITY Reglstiatlon #200Z70. Statement of cash flows for the year ended 31 December 2024 General Funds Investment Funds Total Funds 2024 Cash flows from operatlng 8ctlvltles: Net cash generated by / (used In) operatlng activitles 12,072 (14,560) (2,488) Cash flows from Investlng 8Ctlvltles Proceeds from sale of Investments Purchases of fnvestments 296,500 (281,615) 296.S(J) (281,615) Net cash provlded by Investln8 artlvltles 14,885 14,885 Tangible fixed assets purchased Change In cash and cash equlvalents In the year 12,072 325 12297 Cash and cash equivalents at the beginnlng of the year 135,164 (1,921) 133,243 Cash and cash equlvalents at the end of the year 147,236 (1,596) 145,640 Reconclliation of net expenditure to net cash flow from operating activities General Funds Investment Funds Total Funds 2024 Net income per the statement of financial resources 13,839 150,054 163,893 Adjustments for. Gains on investments (164,614) (14,560) (164,614) (721) 13,839 Decrease In debtors Decrease In creditors Depreclation Disposal of assets 194 (6,642) 1,649 3,032 194 (6,642) 1,649 3,032 Net cash generated by / (used In) operatlng actlvltles 12,072 (14,560) (2,488) Page 11 WEYBRIDGE LAND CHARITY R•AlsliAlloii #200770. 5tat•ment of c•Jh flows for the y•af ended 31 D•cemb•r 2023 G•n•r•l Inv•stm•nt Funds Fundg Tol•l FufKI• 202J C•sh flows from 0￿ratIN Not ¢•sh 8•n•rat•d by / {us•d In) op•ratln8 activftles 38,764 113,28R) 25,476 C•sh flows from Inv•stln8 •Ctlvltles pr￿d$ from sal• of Inv•stm•nts pu￿ hases of fnvestments 392,353 (387,586) 392,353 (387,586) Net c•sh provlded by Inv•stln8 •Ctlvltles Tan8ible fixed assets pu￿haSed (2,272) (2,272> Cha￿• In c4sh and cash equfvalents In the yow 36,492 (8,521) 27,971 Cash cash equlvalents at the be8InnI￿ of the year 98,672 6,6 105,272 Cash and cash equivalents at the end of the year 135.164 1,921) 133,243 Recondllatlon of net expendlture to net cash flow from operatlng actlvltles General Investment Funds Funds Total Funds 2023 Net income per the statement of financial resources 28,549 184,699 213,248 Adjustments for. Losses on investments 197,987) (13,288) (197,987) 15,261 28,549 Increase in debtors Increase in creditors Depreciation (168) 6,882 3,501 (168) 6,882 3.501 Net cash generated by / (used in) operatin8 artlvltles 38,764 (13,288) 25,476 Page 12 VEI'BRIDGE LAND CIIAR_ITY v.v1iili￿ll1l1l I:il)q.Illii. Ih* flIMIN￿l %t•t•niftiitA h4w Iwbll I)1•1￿1￿1 111)Il•i Ili• Iilit()114;al c¢)It c(>iiv•nllun wltli Itami It Iv tr•iiiai:Iliiii vali1• Iiiil•Ji Iiil)piwli• ItAtod Iii tli• 1olovAnl nutfi(Il to tli•lQ Ih* tIMIK*al %ttht*iii•iity. hii• Iwii (x)i)Iiill•(I wllli ifif•i•ni'• In Ili• 'Slnt•m•nt nl A•f nrnman¢l•d 4INIAiint4n4 aihl hiN)Itliii Iiy rliAiltl•i' Aiid tli• I￿.01•nI9 IIAv• IM•n pr•paf•cI In 'N14Thi* Iilth th• FlThan¢lal R•iM)IlliiR .8tAiiilaril ai)i)Ilrfil)l• In tli• Unlt•(l Kliiidc>rn And th• Mibtk" Ii*14NI Iwfts I()2) Illi￿11 i)n 16 Jiily 20,14 an(1 tli• ClIArltl•i Act 2()1 I, Th• ctharth, (X￿￿tItUt•S a i)Iibllc b•ii•flt •i)tiiy aj Ilellii•d by l R5 IU2, Ib* trxi%tr+.* thit tli•rn fir• i)0 n)ftt•ilfil Iiiic•ilftli)tl•g ft1)oiit tho chnrltvj •hlllty to R¢Xrrients are measured initially at cost and subsequently at thelr market value at the reportlng in accordance with paragraph 11.14(d) of FRS 102. The investment fvnd managers (JM Finn & Co.) are instructed to seek growth but malntain a n￿lurn risk portfolio. They are instructed to achieve income of at least £50,000 each year. Reserves held by the charity are either: UnreStrIrt￿ ￿SerVeS-Which may be used in accordance with operational and charitable activities at the discretK)n of the trustees. Pcrrn4nenL Endowment-are funds of which the capital cannot be spent but are to be invested to genera Le i ncome. Costs which can be offset against the permanent endowment funds include the costs of tntsining the capttsl element of the endowment funds, gains and losses on disposal of assets, 'ryrealised gains and losw arKI similar charges. Tangble assets rr)e charity owns the freehold of approximately 9.385 acres of land at Churchfields, Weybridge. This lO 63,408 29.394 13,1% 42,5 Expenditure is recorded on an accruals basis. The tharity has no contractual obligations which have been omitted from the accounts for the year. Page 14 WEYBRIDGE LAND CHARITY ft•ilitifillon IJ(M)770. 5. Net 8alns on Investments Flx•d Intor•st Tot•1 2024 Flx•d qultl •fKI Fundj Totsi 2023 •nd Funds Re•ltsed 8•lnsl(loss•s) on Investment sales l January m.v. of In￿Stn)entS sokl Pu￿haseS Sale proceeds (328,799) (328,799) 1388,421) (542) 392,353 (388,4211 (542) 39?. 3S3 3,39) 296,500 32,299 296,500 32,299 Quoted Investments In the U.K. Market value at l January Additions Disposals 369,753 588,719 958,472 137,493 613,446 750,939 87,418 20,073 169,402 439,390 107,491 169,402 896,561 221,615 29,901 251,516 457,171 359,108 572.539 931,647 Market value at 31 December 872,640 369,753 588,719 958,472 441,088 431,552 Unrealised Investment (losses) / gains (UK quoted) (16,083) (7.838) (23,921) 10.645 16.180 26325 Other investments Market value at ljanuary Additions Disposals 1,275.%1 1,261,648 1,261,648 1,275,961 174,124 174,124 136,613 136,613 (159,397) 1,276,375 (159,397) (318.698) (318,698) 1,276,375 1,093,876 1.093,876 Market value at 31 December 1,497,209 1,497,209 1,261,648 1,261,648 Unrealised investment (losses) / gains (other) 220￿34 220,834 167.772 167.772 Totsl unrealised Investment (losses) / galns (16,083) 212,996 196,913 10,645 183.952 194597 Totsl net (losses) / galns on Investments (16,083) 180,697 164,614 10,645 187,342 197,987 Page 15 WEYBRIDGE LAND CHARITY Reg15lratlon 11200270. 6 Flxed assets Equlpment C05t As at l January Addltlon5 Disposals As at 31 December 2024 2023 18,353 16,081 2,272 (5,390 12,963 18,353 Depreciation A5 at l January Charge for the year Disposals As at 31 December 7,855 1,649 4,354 Net book value As at 31 December 5,817 10,498 As at l January 10,498 11,727 7. Investment Fund Fixed Interest Equities and Funds Total 2024 Flxed Interest Equitles and Funds Totsl 2023 UK quoted investments Value at l January Additions Disposals U nrealised (losses) / gains 369,753 87,418 588,719 20,073 (106,582) (70,658) 958,472 107,491 (106,582) (86,741) 137,493 221,615 613,446 29,901 (59,747) 5,119 750,939 251.516 (59.747) 15,764 (16,083) 10,645 Value at 31 December 441,088 431,552 872,640 369,753 588,719 958,472 Other investments Value at l January Additions Disposals Unrealised (losses) / gains 1.261,648 174,124 (153,722) 215,159 1,261,648 174,124 (153,722) 215,159 1,275,961 136,613 (329,758) 1,275,961 136,613 (329,758) 178,832 178,832 Value at 31 December 1,497,209 1,497,209 1,261,648 1,261,648 369.753 1,850,367 2.220,120 Total investments 441,088 1.928,761 2,369,849 JM Finn dealing account (cash) (1,596) (1,921) Total investment fund (note 8) 2,368,253 2.218,199 Purchases and sales of investments have been made in the year in accordance with the requirements of the Trustee Act 2000. The JM Finn cash dealing account is included in the tsble to facilitate reconciliation. Page 16 WEYBRIDGE LAND CHARITY Av8liliAllon IX)f)270. 8, Unr•strlrt•d Ind Éiidowmont Inv•glmont Funds Ilncliidln8 JM Flnn D•alln8 ac¢ount) Toi•l ÉfKIow 2024 ffl•nt Unr•st- rkt•d Endow• m•ni Unf •Jl. fkQ•d Tot•1 202J P•rni•iMnt •ndowm•nl Vali1• at I laiiiiaiv Aiip()rtl()n•d (loii•i) I 8,Ilns V•lu• •t JI D•c•mb•r 2,07J,850 2,07J,850 I,g)1,170 1,901,170 172,6AO 140,?.t19 140,289 IIJ,6AO 139 ￿114 139 2,073 850 2 073,850 Inv•stm•nts b•lor• 1999 Vili1• al l Jlniifiiy AI)IK)1lloned (lossos) I Ralns Valu• •t 31 D•c•mber 93,448 93,448 85,667 85.667 6,321 6,321 7,781 7,781 99,769 99,769 93,448 93,448 Transhrs finiii 8on•ral fiind Valiit) at l Janiinry Api)ortloned {Ic)sses) I 8aliis V•lu• •t 31 Dec•mb•r 50,901 46,663 46,663 3,444 3,444 4,238 4,238 54,345 54,345 So,￿1 Total Investm•nts 154,114 2,214.139 1368,253 144,349 2,073,850 2,218,199 9. Cash at Bank and Dealln8 Account Inves ment Funds Inv•st- ment Funds Genernl Funds Total 2024 General Funds Total 2023 JM Flnn Dealln8 Account JM Flnn Ii)coiiie ai)d Depostt Accounts (1,596) (1,596) (1,921) (1,921) 94.264 137,645 137,645 94,264 CAF Gold Deposlt Account CAF Cash Current Accouiit PayPal Accoiint Total bank balances 8,124 8,124 25,624 25,624 15,248 1,400 1,400 15.248 67 147,236 67 145,640 28 135,164 28 133,243 (L596) (1.921) 10. Debtors General Funds 2024 General Funds 2023 Allotment rents Prepayments 234 Total debtors 234 Page 17 WEYBRIDGE LAND CHARITY ReRlstiatlon 1200270. 11. Credftors: amounts fallln8 due wlthln one year General Funds 2024 General Funds 2023 Trade credltors 7,092 Accruals Professlonal fees 1,950 1,950 1,500 Total credltors 1,950 8,592 12. Reserves a) 2024 Movement between funds Galn on Invest- ments Fund Name Balances b/fwd Expend- iture Income Balances clfwd General fund 137,304 62,687 (48,848) 151,143 Investment fund 2,218,199 (14,560) 164,614 2,368.253 Totsl funds 2,355,503 62,687 (63,408) 164,614 2,519396 b) 2023 Loss on Invest- ments Fund Name Balances b/fwd Expend- iture Movement between funds Income Balances clfwd General fund 108,755 57,943 (29,394) 137304 Investment fund 2,033,5(Xl (13,196) 197,895 2,218,199 Totsl funds 2,142,255 57,943 I42,5￿)) 197,895 2,355,503 Page 18 WL WEYBRIDGE LAND CHARITY REGisfERED CHARITY NUMBER 200270 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 WEYBRIDGE LAND CHARITY Reglstr8tlon 1200270. TRUSTEES, REPORT The trustees are pleased to present thelr annual report and the Independently examlned fln8ncial statements of the charity for the year ended 31 December 2024. They have been prepared On acthrdance with the accounting pollcies set out on page 13 of the accounts and comply with the charitvs schemes, the Charlties Act 2011 and Accountlng and Reportlng by Charities: Ststement of Recommended Practice (published on 16 July 2014), whlch Is appllcable to tharltles preparing their accounts in accordance wlth the Flnanclal Reportlng Stsndard appllcable In the UK and the Republic of Ireland. The registered name of the charlty Is the Weybrldge Poorfs Land, charlty, but Its working name Is now the Weybrldge Land Charlv, In preference to the short form °Weybridge Charl Hlstory of the tharity The Weybridge and Byfleet Enclosure Act, 1800 directed that Commissioners should set out and allot parts of the commons and waste lands in the Parish of Weybridge for the use of the occupiers of cottages within the Parish of Weybridge. The Allotments Extension Act of 1882, required that Trustees of land held for the benefit of the poor had to set aside a portion of that land for allotments. Accordingly, in 1883 a Scheme of the Charity Commissioners set aside land at the Heath at Weybridge for the general benefit of the inhabitsnts of the Parish of Weybridge and the income was used to rent land near Weybridge Church as allotments. In 1910 Weybridge Council became Trustees for the administration and management of the Charity; and in 1911 a Deed of Exchange effected the transfer of the title of 9.385 acres adjoining the Church together with land at Pine Grove to the Charity. The Charity is still regulated by the scheme dated 1910, together with various subsequent amendments, and retains ownership of the 9.385 acres of land in central Weybridge. In 1999, the land at Pine Grove was sold, and the proceeds invested to provide an income to support the Charitws "objects". Objert of the Charlty The Charity has one object and two activities as described in the Scheme as amended in June 2000: The Object of the Charity is he relief of persons resident in the area of benefrt who are in need, hardship or distress". The activities are: Provision of allotments for use by residents of Weybridge. After settling its costs of operations, to use surplus funds to provide the relief of persons resident in Weybridge who are in need, hardship or distress. Page 2 WEYBRIDGE LAND CHARITY Reiislratlon 1200270. To inttease the utHisatfion and vlabifity of the allotments, an arnendment to the Scheme of the Chaffty in 2(M) remved the requirement that existing and new allotment holders afe theMsel￿S in need, hardship or distress. Trustees and Administratlon During the year ending 31 December 2024 we had the following trustees: rim ofiver (Chair) (Appointed March 2024 Helen Lamb (Resigned December 2024) Simon fizard (Appointed 2 December 2024) Vicki Macleod Jackie Martin Hilary Butler (EBC Nominated Trustee) Murray Law (Resigned March 2024) Cartye Case (Resigned April 2024) Miriam Morris (Resigned December 2024) In addition, Matthew O'Donnell was appointed a trustee on 29 July 2025. Trustee Induction As a small volunteer-based charity, WLC previously did not have a documented induction training policy for new trustees. We are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplified constitution, means we can quickly bring new trustees up to speed. Independent examiner The Trustees resolved to reappoint Andrew Gadoros FCA, Xeinadin Group, The Quadrant Centre, Limes Road, Weybridge, Surrey, Kr13 8DH Fund manager Michael Barlow, JM Finn & Co., 4 Coleman Street, London, EC2R STA Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Funding of the Charity The Charity (including its grant aid programme), is hlstorically funded from three principal sources: Annual Rents received from allotment tenants Investment income, being dividends and interest Bequests and donations from donors Page 3 WEYBRIDGE LAND CHARITY *￿%1￿￿￿•￿370. l£rated in the centre of IVeytx**e towii the 9.385 •Cf*S ol land cornrnonly krKrwTr as the ONFrhf*k4s akknient& has been an Imp(xtsnt amenity af)d feature of c(Ynrnuntty ￿nce 1910. b. Irr•tstrnent PortWN) The chaffty s a kX￿.tErnl in￿str￿ and the tnW on PrO￿$S1oftal a(fvice. hokl a rnlxed portfolk> of equit￿ arKI other investments designed to provKJe a level of incorne and capital The cxYnposit￿ of the in￿t portfofK> is of medium risk. Pernianent Endcwment and Unrestricted Funds HistcKKalty. Trusts￿ under5tocxJ that ncme of the invested funds of the Charity were -reStrItt￿. This was reststed in the 2018 reporL During 2019 the Trustees of the Charity obtsined legal advice to review and clarify the status of Charity Funds and Land.The main points of that advice which confirn)ed thatthe CharrtVs land and part of the portfolio of investments are "Permanent Endowmenf are surnmarised as folkms: L The investment portfolio contains monies derived from four sOur￿s. Proceeds and capitsl gains arising from the sale of the Pine Grove Allotrnents in 1999 (Permanent Endowment- Restricted) Pre-existing Funds prior to the sale of Pine Grove and associated Capitsl Gains (Unrestricted) G Funds raised and associated capitsl gains (Unrestricted) Income from investments and capitsl gains from re-investment (Unrestricted). 2. Land which is a permanent endowment cannot be sold without an order from the Charities Commission, as occurred on the occasion of the sale of the Pine Grove site. In accordance with the terrns of the order for that sale, the proceeds from the Pine Grove site were to be invested. These investments are considered to be "investment perrnanent endowmenv. As was the nomi for accountsncy practice at the time, only the income from that investment (and not any element of Capitsl Gains) can be drawn on to meet the costs and objects of the Charity. Subsequent to the legal advice, the element of Unrestricted Funds has been identified in the investment portfolio, and the detsil of the methodology shared with the Charity Commission. The request of the Charity Commission is that the split between Unrestricted Funds and Restricted Funds appears in the annual return. and this is shown in note 8 of the Statement of Financial Activities. Page 4 wi, WEYBRIDGE LAND CHARITY Reglstratlon #200270. The practice has been that additlons to, and wlthdrawals from, the unrestrlcted funds In the Investment portfollo provlde a longer-term approach to holding monies attributable to Income and other funds ralsed (see Reserves Pollcy below). At the end of 2024, these amounted to £54,345 (2023: £50,901). Unrestrlcted funds attributable to investments held before 1999 (the Sale) totalled £99,769 (2023: £93,448), and these funds have been used to provide income to the Charity In the same way as the Permanent Endowment investments. The total of Unrestricted Funds in the portfolio at year end was £151,143 (2023: £144,349). Reserves Policy The Reserves Policy is part of the Charity's risk assessment process, and tskes into account the working capital required, the reliability of income, the normal outgoings, and any potential risks of unusual expenditure (e.g., tree surgery on allotment land). The Charity has a reliable income stream from the investment endowment fund, a simple cost structure and does not envisage having to cease operations for any reason. On this basis, a nominal reserve of £25,000 is set, to be held within the °Unrestricted Investment Fund" and is reviewed annually. Achievements and Performance Returns and income from the invested fund is the Charitvs primary income source, along with income from Churchfields allotment plot holders. There have also been a small number of voluntary donations from plot holders and local organisations. The investment objective is to balance return between income and capitsl, with a medium level of risk applied, a balanced portfolio position, and to target circa £40,000 income per annum with an action initiated to define / ensure the investment portfolio is ethical. The portfolio performance will start being tracked against ARC Charities Indices Performance Report as benchmark. The Charity's portfolio investment performance out-performed the ARC Steady Growth Index during the year while the income generated exceeded the target of £40,000 per annum. Income was below previous year due to lower performing financial investment portfolio and returns. Day to day operating costs remained low, however there were significant "one off "items, most notably expenditure on legal fees. Net cash and current assets remained strongly and broadly in line with previous years. A review took place with the Charity's external Fund Manager to validate and confirm that, despite the fluctuating markets, WLCS financial position would be protected for several years through a prudent investment approach. Page 5 WEYBRIDGE LAND CHARITY Re¢btr*k>n121X>Z70. truths hatre c￿s¥ser￿d afKJ Klentified the maior risks to which the Charity may be exposed. PrcKethrn are in place to re￿ these annually and to tske positive measures to mitigate them P* Cha• has an InsurarKe with Zurich Insurance to cover the main risks. A PSKY al￿ register were Fxrt in Pla￿ during 2024 and rev*wed acc(xdingty (and will now be gory fofward Fwiodically). risks arnj the Fx>liw adoFrted to mitigate those risks are: - deprdefv ￿ irthxjual trustees for support of Churchfjelds allotments and day to day dthe Charrty. This is being dtrrisked by appointing a aerk to document and manage key Dcessts and w(xk that coukl be undertaken by other local organisations on Ee4a6f (A WLC There ts expected to be an irKrease in WLC run costs to implement these risk - adthticnal running costs ofthe Churchfiekls (rnalntenan￿ and improvements). The site was Un￿rITIve￿ fcx many year5, so exFerKliture has been increased to improve IL Emergency and srrrfing has fr￿uded continued repairs to the water system, finalized instsllation of xes to make the site more accessible. and the initiation of a tree survey. Further site erf￿re ￿17 be required on an ongoing basis. - yLe•s COf￿tr￿ was highly complex due to several amendments and additions being made the Charrty was first estsbfished. As well as being complex to understsnd, in areas. the ,•+itiJtson also rK> k>nger reflected Charty Commission best practice e.g., approach to remove Lr￿￿￿. Work was commissiorth through a specialist law firm to put together a revised ￿M￿Tr￿d constStutK)n and this was ready and implemented during early 2024. - rr* flux In the gbbal trading markets e.g., the impact of Russia Ukraine war, Brexit, Covid etc - Ye ccmtinu4 during 2024: This has impacted WLC'S financial portfolio although the overall 6n4 pNtfolso pcY.itfyon remains strong. Soaa-l Investment Programme TP* Churcfrrfselds Allotment site is at the centre of the Weybridge community. As well as renting (/Ut all¢)trnerts of varfv)US &izes to IcKal ressdents, we are also landlords to the Clubhouse Project (a kx41 tharfrty hplping adults with learning difficulties) and Weybridge Men Shed and Weybridge in ek3xn. In 344trJfi, VIP afe al.￿ engaged with the Comrnunlty Payback Programme. QiJrf• trj fjtr￿f P(￿)[,￿e5, WLC vias unable to promots the good work as much as planned during zCJ2A, we arp alrY4dy doing more to promote WLCS Objectlves and good work to local (AW4nrAfrJn: and to impfOVP how we can Jolntly collaborate and support WLC'S Objectlves as yi*SI *: WEYBRIDGE LAND CHARITY Reglstratlon #200270. Contrlbutlon made by Volunteers All trustees are volunteers, and we value the contrlbution made by our trustees and our volunteers. In addition, we have a Tenants Advisory Group who monitor activity and need on the allotments. Expert advice has been sought from a number of local supporters Including Financial process management advice - Ground management: St George's School and relationships and collaborations have improved and progressed between WLC, and tenant organisations Weybridge Men's Shed and Weybridge in Bloom, and WAHGA along wlth other organisations such as the Community Payback Programme. Trustees, responsibilitles in relatlon to the finandal statements The charity's trustees are responsible for preparing an annual report and financial statements in accordance with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They conform to the Financial Reporting Stsndards (FRS) applicable in the UK and the Republic of Ireland, and accounts are prepared in accordance with FRS 102 and the Ststement of Recommended Practice (SORP) issued by the Charity Commission. The chariws trustees are required to prepare financial statements each year which give a true and fa ir view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. This involves: selecting suitable accounting policies and then applying them consistently; observing the methods and principles in the applicable Charities, SORP. making judgements and accounting estimates that are reasonable and prudent. preparing the financial statements on the basis of being a going concern unless it is inappropriate to presume that the charity will continue in operation; • ensuring that the accounts present financial information that is relevant, reliable. comparable and complete. disclosing whether there have been any changes to accounting policies. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information. Page 7 WLf WEYBRIDGE LAND CHARITY Reg15tratlon #200270. Independent Examlner's Report on the Accounts Report to the trustees of the charity on the accounts for the year ended 31 December 2024 set out on pages 9 to 19. Respective responsibllities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charit￿5 trustees consider that an audit is not required for thls year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examinerfs Statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Andrew Gadoros Relevant professional qualification(s) or body (if any): FCA Address: Xeinadin Group The Quadrant Centre Limes Road, Weybridge Surrey, KT13 8DH Page 8 WEYBRIDGE LAND CHARITY Reglstratlon #200270. Statement of Flnanclal Actlvlues for the year endlng 31 December 2024 Total Invest. Funds ment 2024 Funds Invest- ment Funds Total Funds 2023 Note General Funds General Funds Income Charitable actNlties Donations recelved Investments Total Income 11,296 11,2% 11,353 10,930 35,660 57,943 11,353 10930 35,660 57,943 51,391 62,687 51,391 62,687 Expenditure Charitable activities 48,848 14,560 63,408 29,394 13,1% 42,5 Total Expenditure 14,560 63,408 29,394 13,1% 42,5 Net revenue / (expenditure) 13,839 (14,560) (721) 28,549 (13,196) 15,353 Net (losses)/ gains on investments 164,614 164,614 197.895 197,895 Net movement in funds for the year 13,839 150,054 163,893 28,549 184,699 213.248 Funds b/fwd 137,304 2,218,199 2,355,503 108,755 2,033,5(X) 2,142,255 Transfer between funds Funds c/fwd 151,143 2,368,253 2,519,396 137.304 2.218,199 2,355,503 Page 9 WEYBRIDGE LAND CHARITY Reglslfatlon 1700770. Balance Sheet for the year ended 31 December 2024 Total Funds 2024 Invest- ment Funds Invégt. ment Fundg Total Funds 2023 Note General Funds General Funds Flxed assets Tangible fixed asset5 Investments 5,817 5,817 2,369,849 10,498 10,498 2,220.120 2,369,849 2,220,120 Total fixed assets 5,817 2,369,849 2,375,666 10,498 2,220,120 2,230,618 Current assets Investment cash Cash at bank and in hand Debtors 137,645 9,591 (1,596) 136,049 9,591 94,264 40,900 (1.921) 92343 40,9 10 40 40 234 234 Total current assets 147,276 (1,596) 145,680 135.398 (1,921) 133.477 Llabilitles Amounts falling due Wtthin one year 11 (1,950) (1,950) (8,592) {8.592) Net current assets 145,326 (1,596) 143,730 126,806 (1,921) 124,885 Total net assets 151.143 2,368,253 2.519,396 137,304 2,218,199 2,355,503 .. 25tk O..&.J).¥.,,,,. .. .,, Chai an of the trustees, Weybridge Land Charity Page 10 WEYBRIDGE LAND CHARITY Reglstiatlon #200Z70. Statement of cash flows for the year ended 31 December 2024 General Funds Investment Funds Total Funds 2024 Cash flows from operatlng 8ctlvltles: Net cash generated by / (used In) operatlng activitles 12,072 (14,560) (2,488) Cash flows from Investlng 8Ctlvltles Proceeds from sale of Investments Purchases of fnvestments 296,500 (281,615) 296.S(J) (281,615) Net cash provlded by Investln8 artlvltles 14,885 14,885 Tangible fixed assets purchased Change In cash and cash equlvalents In the year 12,072 325 12297 Cash and cash equivalents at the beginnlng of the year 135,164 (1,921) 133,243 Cash and cash equlvalents at the end of the year 147,236 (1,596) 145,640 Reconclliation of net expenditure to net cash flow from operating activities General Funds Investment Funds Total Funds 2024 Net income per the statement of financial resources 13,839 150,054 163,893 Adjustments for. Gains on investments (164,614) (14,560) (164,614) (721) 13,839 Decrease In debtors Decrease In creditors Depreclation Disposal of assets 194 (6,642) 1,649 3,032 194 (6,642) 1,649 3,032 Net cash generated by / (used In) operatlng actlvltles 12,072 (14,560) (2,488) Page 11 WEYBRIDGE LAND CHARITY R•AlsliAlloii #200770. 5tat•ment of c•Jh flows for the y•af ended 31 D•cemb•r 2023 G•n•r•l Inv•stm•nt Funds Fundg Tol•l FufKI• 202J C•sh flows from 0￿ratIN Not ¢•sh 8•n•rat•d by / {us•d In) op•ratln8 activftles 38,764 113,28R) 25,476 C•sh flows from Inv•stln8 •Ctlvltles pr￿d$ from sal• of Inv•stm•nts pu￿ hases of fnvestments 392,353 (387,586) 392,353 (387,586) Net c•sh provlded by Inv•stln8 •Ctlvltles Tan8ible fixed assets pu￿haSed (2,272) (2,272> Cha￿• In c4sh and cash equfvalents In the yow 36,492 (8,521) 27,971 Cash cash equlvalents at the be8InnI￿ of the year 98,672 6,6 105,272 Cash and cash equivalents at the end of the year 135.164 1,921) 133,243 Recondllatlon of net expendlture to net cash flow from operatlng actlvltles General Investment Funds Funds Total Funds 2023 Net income per the statement of financial resources 28,549 184,699 213,248 Adjustments for. Losses on investments 197,987) (13,288) (197,987) 15,261 28,549 Increase in debtors Increase in creditors Depreciation (168) 6,882 3,501 (168) 6,882 3.501 Net cash generated by / (used in) operatin8 artlvltles 38,764 (13,288) 25,476 Page 12 VEI'BRIDGE LAND CIIAR_ITY v.v1iili￿ll1l1l I:il)q.Illii. Ih* flIMIN￿l %t•t•niftiitA h4w Iwbll I)1•1￿1￿1 111)Il•i Ili• Iilit()114;al c¢)It c(>iiv•nllun wltli Itami It Iv tr•iiiai:Iliiii vali1• Iiiil•Ji Iiil)piwli• ItAtod Iii tli• 1olovAnl nutfi(Il to tli•lQ Ih* tIMIK*al %ttht*iii•iity. hii• Iwii (x)i)Iiill•(I wllli ifif•i•ni'• In Ili• 'Slnt•m•nt nl A•f nrnman¢l•d 4INIAiint4n4 aihl hiN)Itliii Iiy rliAiltl•i' Aiid tli• I￿.01•nI9 IIAv• IM•n pr•paf•cI In 'N14Thi* Iilth th• FlThan¢lal R•iM)IlliiR .8tAiiilaril ai)i)Ilrfil)l• In tli• Unlt•(l Kliiidc>rn And th• Mibtk" Ii*14NI Iwfts I()2) Illi￿11 i)n 16 Jiily 20,14 an(1 tli• ClIArltl•i Act 2()1 I, Th• ctharth, (X￿￿tItUt•S a i)Iibllc b•ii•flt •i)tiiy aj Ilellii•d by l R5 IU2, Ib* trxi%tr+.* thit tli•rn fir• i)0 n)ftt•ilfil Iiiic•ilftli)tl•g ft1)oiit tho chnrltvj •hlllty to R¢Xrrients are measured initially at cost and subsequently at thelr market value at the reportlng in accordance with paragraph 11.14(d) of FRS 102. The investment fvnd managers (JM Finn & Co.) are instructed to seek growth but malntain a n￿lurn risk portfolio. They are instructed to achieve income of at least £50,000 each year. Reserves held by the charity are either: UnreStrIrt￿ ￿SerVeS-Which may be used in accordance with operational and charitable activities at the discretK)n of the trustees. Pcrrn4nenL Endowment-are funds of which the capital cannot be spent but are to be invested to genera Le i ncome. Costs which can be offset against the permanent endowment funds include the costs of tntsining the capttsl element of the endowment funds, gains and losses on disposal of assets, 'ryrealised gains and losw arKI similar charges. Tangble assets rr)e charity owns the freehold of approximately 9.385 acres of land at Churchfields, Weybridge. This lO 63,408 29.394 13,1% 42,5 Expenditure is recorded on an accruals basis. The tharity has no contractual obligations which have been omitted from the accounts for the year. Page 14 WEYBRIDGE LAND CHARITY ft•ilitifillon IJ(M)770. 5. Net 8alns on Investments Flx•d Intor•st Tot•1 2024 Flx•d qultl •fKI Fundj Totsi 2023 •nd Funds Re•ltsed 8•lnsl(loss•s) on Investment sales l January m.v. of In￿Stn)entS sokl Pu￿haseS Sale proceeds (328,799) (328,799) 1388,421) (542) 392,353 (388,4211 (542) 39?. 3S3 3,39) 296,500 32,299 296,500 32,299 Quoted Investments In the U.K. Market value at l January Additions Disposals 369,753 588,719 958,472 137,493 613,446 750,939 87,418 20,073 169,402 439,390 107,491 169,402 896,561 221,615 29,901 251,516 457,171 359,108 572.539 931,647 Market value at 31 December 872,640 369,753 588,719 958,472 441,088 431,552 Unrealised Investment (losses) / gains (UK quoted) (16,083) (7.838) (23,921) 10.645 16.180 26325 Other investments Market value at ljanuary Additions Disposals 1,275.%1 1,261,648 1,261,648 1,275,961 174,124 174,124 136,613 136,613 (159,397) 1,276,375 (159,397) (318.698) (318,698) 1,276,375 1,093,876 1.093,876 Market value at 31 December 1,497,209 1,497,209 1,261,648 1,261,648 Unrealised investment (losses) / gains (other) 220￿34 220,834 167.772 167.772 Totsl unrealised Investment (losses) / galns (16,083) 212,996 196,913 10,645 183.952 194597 Totsl net (losses) / galns on Investments (16,083) 180,697 164,614 10,645 187,342 197,987 Page 15 WEYBRIDGE LAND CHARITY Reg15lratlon 11200270. 6 Flxed assets Equlpment C05t As at l January Addltlon5 Disposals As at 31 December 2024 2023 18,353 16,081 2,272 (5,390 12,963 18,353 Depreciation A5 at l January Charge for the year Disposals As at 31 December 7,855 1,649 4,354 Net book value As at 31 December 5,817 10,498 As at l January 10,498 11,727 7. Investment Fund Fixed Interest Equities and Funds Total 2024 Flxed Interest Equitles and Funds Totsl 2023 UK quoted investments Value at l January Additions Disposals U nrealised (losses) / gains 369,753 87,418 588,719 20,073 (106,582) (70,658) 958,472 107,491 (106,582) (86,741) 137,493 221,615 613,446 29,901 (59,747) 5,119 750,939 251.516 (59.747) 15,764 (16,083) 10,645 Value at 31 December 441,088 431,552 872,640 369,753 588,719 958,472 Other investments Value at l January Additions Disposals Unrealised (losses) / gains 1.261,648 174,124 (153,722) 215,159 1,261,648 174,124 (153,722) 215,159 1,275,961 136,613 (329,758) 1,275,961 136,613 (329,758) 178,832 178,832 Value at 31 December 1,497,209 1,497,209 1,261,648 1,261,648 369.753 1,850,367 2.220,120 Total investments 441,088 1.928,761 2,369,849 JM Finn dealing account (cash) (1,596) (1,921) Total investment fund (note 8) 2,368,253 2.218,199 Purchases and sales of investments have been made in the year in accordance with the requirements of the Trustee Act 2000. The JM Finn cash dealing account is included in the tsble to facilitate reconciliation. Page 16 WEYBRIDGE LAND CHARITY Av8liliAllon IX)f)270. 8, Unr•strlrt•d Ind Éiidowmont Inv•glmont Funds Ilncliidln8 JM Flnn D•alln8 ac¢ount) Toi•l ÉfKIow 2024 ffl•nt Unr•st- rkt•d Endow• m•ni Unf •Jl. fkQ•d Tot•1 202J P•rni•iMnt •ndowm•nl Vali1• at I laiiiiaiv Aiip()rtl()n•d (loii•i) I 8,Ilns V•lu• •t JI D•c•mb•r 2,07J,850 2,07J,850 I,g)1,170 1,901,170 172,6AO 140,?.t19 140,289 IIJ,6AO 139 ￿114 139 2,073 850 2 073,850 Inv•stm•nts b•lor• 1999 Vili1• al l Jlniifiiy AI)IK)1lloned (lossos) I Ralns Valu• •t 31 D•c•mber 93,448 93,448 85,667 85.667 6,321 6,321 7,781 7,781 99,769 99,769 93,448 93,448 Transhrs finiii 8on•ral fiind Valiit) at l Janiinry Api)ortloned {Ic)sses) I 8aliis V•lu• •t 31 Dec•mb•r 50,901 46,663 46,663 3,444 3,444 4,238 4,238 54,345 54,345 So,￿1 Total Investm•nts 154,114 2,214.139 1368,253 144,349 2,073,850 2,218,199 9. Cash at Bank and Dealln8 Account Inves ment Funds Inv•st- ment Funds Genernl Funds Total 2024 General Funds Total 2023 JM Flnn Dealln8 Account JM Flnn Ii)coiiie ai)d Depostt Accounts (1,596) (1,596) (1,921) (1,921) 94.264 137,645 137,645 94,264 CAF Gold Deposlt Account CAF Cash Current Accouiit PayPal Accoiint Total bank balances 8,124 8,124 25,624 25,624 15,248 1,400 1,400 15.248 67 147,236 67 145,640 28 135,164 28 133,243 (L596) (1.921) 10. Debtors General Funds 2024 General Funds 2023 Allotment rents Prepayments 234 Total debtors 234 Page 17 WEYBRIDGE LAND CHARITY ReRlstiatlon 1200270. 11. Credftors: amounts fallln8 due wlthln one year General Funds 2024 General Funds 2023 Trade credltors 7,092 Accruals Professlonal fees 1,950 1,950 1,500 Total credltors 1,950 8,592 12. Reserves a) 2024 Movement between funds Galn on Invest- ments Fund Name Balances b/fwd Expend- iture Income Balances clfwd General fund 137,304 62,687 (48,848) 151,143 Investment fund 2,218,199 (14,560) 164,614 2,368.253 Totsl funds 2,355,503 62,687 (63,408) 164,614 2,519396 b) 2023 Loss on Invest- ments Fund Name Balances b/fwd Expend- iture Movement between funds Income Balances clfwd General fund 108,755 57,943 (29,394) 137304 Investment fund 2,033,5(Xl (13,196) 197,895 2,218,199 Totsl funds 2,142,255 57,943 I42,5￿)) 197,895 2,355,503 Page 18